International Wheat Market

06-Jun-2025 08:12 AM

International Wheat Market
Rain forecast for next week in southern Kansas, Oklahoma, and Texas may slow early harvest activities.
USDA’s Weekly Export Sales Report showed net reductions of 49,114 metric tons for the final full week of the 2024/25 marketing year. This was in the middle of analyst estimates, which ranged from reductions of 200,000 metric tons to sales of 100,000 metric tons. New crop sales amounted to 444,000 metric tons, on the lower end of the expected range of 300,000 to 800,000 metric tons. This was the lowest in five weeks for the 2025/26 marketing year. Most of the new crop sales were to unknown destinations (140,000 metric tons), with Nigeria purchasing 131,000 metric tons and Mexico 108,000 metric tons.
According to census data, wheat exports in April totaled 2.198 million metric tons (80 million bushels), the highest in four years and 22.17% higher than March.